Market Analysis Report U.S. Wood Plastic Composite Market | Seite 2

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in high- and mid-range passenger vehicle manufacturing. Rising demand for lightweight automotive to boost fuel
efficiency and to reduce carbon emissions is expected to propel market growth.
Browse Details of Report @ https://www.hexaresearch.com/research-report/us-wood-plastic-composite-market
Improving economy in U.S. is expected to drive demand for commercial and residential construction and
renovation activities. Rising high income population resulting in higher spending power is expected to
propel demand for high-end vehicles. Decking application is expected to witness expansion at a
significant CAGR owing to dimensional stability, low maintenance cost, and extended life span of wood
plastic composite. Increasing consumer demand for products with high aesthetic appeal and longevity is
expected to propel the market over the forecast period. Wood plastic composite also prevents growth of
mold and premature aging of deck, thus increasing adoption in manufactuing decks.
The U.S. wood plastic composite market is moderately consolidated, with presence of numerous
manufacturers. Companies are adopting backward integration strategy to compete in growing
marketplace. Backward integration provides competitiveness over price and quality. Furthermore,
companies are investing in research and development activities to innovate products with more strength
and durability. Prominent companies include Advanced Environmental Recycling Technologies, Inc.;
Axion International, Inc.; CertainTeed Corporation; and Fiberon, LLC. Few large companies such as
Cairn International and Entec have raw material extraction and purification units for manufacturing
Polyethylene (PE), Polypropylene (PP), and Polyvinylchloride (PVC) among other products.
Hexa Research has segmented the U.S. wood plastic composite market report based on product,
application and end use
Segmentation by Product
• Polyethylene
• Polyvinylchloride
• Polypropylene
• Others
Segmentation by Application
• Building & Construction
• Automotive
• Industrial & Consumer Goods
• Others
Segmentation by End Use
• Decking
• Molding & Siding
• Fencing
Key players analyzed:
• Advanced Environmental Recycling Technologies, Inc. (AERT)
• Axion Structural Innovations LLC
• CetainTeed Corporation
• Fiberon
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